CEO Irani's Occidental Petroleum glided up the RANK to 50 past 98 from 123 in over 2 years | Fortune 500

15. Occidental Petroleum

• 2009 Fortune 500: Top 50

Fortune rank: 15

2008 profit: $6.86 Billion

Record oil prices - the price of a barrel of oil reached $145 in 2008 - drove profits at the fourth largest U.S. oil and gas company known for boosting oil production in hard-to-reach reserves. 

Even with a drop in prices, Oxy, Texas's biggest producer, sold oil in 2008 for an average 36% more than the previous year.

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98. Occidental Petroleum

Get Quote: OXY Financials: Latest Results Rank: 98 (Previous rank: 123) Compare tool: Occidental Petroleum vs. Top 10 CEO: Ray R. Irani  Address: 10889 Wilshire Blvd. Los Angeles, CA 90024 Phone: 310-208-8800 Website: www.oxy.com

$ millions % change from 2007 Revenues 24,480.0 21.2 Profits 6,857.0 27.0 Assets 41,537.0 — Stockholders' equity 27,300.0 — Market value (3/27/2009) 46,964.7 — Profits as % of   Revenues 28.0 Assets 16.5 Stockholders' equity 25.1 Earnings per share   2008 $ 8.35 % change from 2007 29.7 1998-2008 annual growth rate % 32.7 Total return to investors % 2008 -20.7 1998-2008 annual rate 25.3 Industry: Mining, Crude-Oil Production Rank Company 500 rank Revenues ($ millions) 1 Occidental Petroleum 98 24,480.0 2 Freeport-McMoRan Copper & Gold 146 17,796.0 3 Anadarko Petroleum 162 15,723.0 See all More competitors Issue date: May 4, 2009

See Occidental Petroleum in... ...Featured Companies (1 of 1) 20 most profitable companies Exxon Mobil was the most profitable company last year by far, raking in more than $45 billion.  See them all

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